Economic crisis – Page 5 – THE OVAL CIRCLE

‘Catastrophic consequences for people’s lives’: Debt crisis looming for developing world due to Covid response, UN chief warns

Posted on March 31, 2021March 31, 2021By Editor

The world faces severe problems of debt sustainability in the wake of the coronavirus crisis that have not been properly understood or addressed, United Nations (UN) Secretary-General Antonio Guterres told the Financial Times. … Read More >‘Catastrophic consequences for people’s lives’: Debt crisis looming for developing world due to Covid response, UN chief warns

Lebanon’s president demands PM quit if he can’t form govt to tackle pandemic fallout and economic crisis

Posted on March 18, 2021March 18, 2021By Editor

The Lebanese Prime Minister-designate, Saad Hariri, has been handed a dramatic ultimatum by the country’s president – to either form a new cabinet or quit, as the country remains paralyzed by a deep-seated economic crisis. … Read More >Lebanon’s president demands PM quit if he can’t form govt to tackle pandemic fallout and economic crisis

Riot police fire tear gas at protesters as Lebanon’s currency falls to new record low (PHOTOS)

Posted on March 14, 2021March 14, 2021By Editor

Violent protests erupted across Lebanon on Saturday after the country’s currency plummeted to a new record low, amid an economic crisis that poses the biggest threat to its stability since the 1975-1990 civil war. … Read More >Riot police fire tear gas at protesters as Lebanon’s currency falls to new record low (PHOTOS)

World

Academics rank Western world’s MISERY INDEX post-Covid response – UK & Spain end up floundering at the bottom

Posted on March 9, 2021March 9, 2021By Editor

Disease, death, and lockdowns have taken their toll on the world, and a group of Canadian researchers set out to quantify the suffering. They found that their own country suffered severely, along with the UK, Spain, and France. … Read More >Academics rank Western world’s MISERY INDEX post-Covid response – UK & Spain end up floundering at the bottom

Covid-19 pandemic pushed French economy into worst recession since World War II – report

Posted on February 28, 2021February 28, 2021By Editor

Coronavirus-related economic and social restrictions led to a “historic” drop of 8.2 percent in French GDP in 2020, data by the National Institute of Statistics and Economic Studies (INSEE) shows. … Read More >Covid-19 pandemic pushed French economy into worst recession since World War II – report

Covid-19 wiped out equivalent of 255 MILLION full-time jobs last year – UN labor agency

Posted on January 26, 2021January 26, 2021By Editor

The world lost four times more jobs last year than during the 2008-09 financial crisis, as the coronavirus pandemic rattled the global economy, the International Labour Organization (ILO) has said. … Read More >Covid-19 wiped out equivalent of 255 MILLION full-time jobs last year – UN labor agency

Recession is over for the richest few, while billions will live in poverty for at least a decade – Oxfam

Posted on January 26, 2021January 26, 2021By Editor

The Covid-19 pandemic has the potential to increase economic inequality in almost every country globally at once, according to a new report revealed by Oxfam on Monday. … Read More >Recession is over for the richest few, while billions will live in poverty for at least a decade – Oxfam

US facing PEASANT REVOLT as Americans demand free cash – Max Keiser

Posted on January 13, 2021January 13, 2021By Editor

The hosts of the Keiser Report, Max Keiser and Stacy Herbert, look at demands for free money for the people, which are rising fast and furiously as lockdowns and quantitative easing continue. … Read More >US facing PEASANT REVOLT as Americans demand free cash – Max Keiser

Global food prices surge to multi-year highs with more inflation yet to come – UN

Posted on January 9, 2021January 9, 2021By Editor

After seven months of consecutive growth, food prices finally reached a three-year peak for the whole pandemic year, according to the UN food security agency, the Food and Agriculture Organization (FAO). … Read More >Global food prices surge to multi-year highs with more inflation yet to come – UN

World

‘2021 going to be catastrophic,’ UN warned it faces worst crises in its history

Posted on December 6, 2020December 6, 2020By Editor

The head of the World Food Programme has made a dire forecast about the months to come, slating “catastrophic” humanitarian crises for 2021, in what could be the worst year seen in the better part of a century. … Read More >‘2021 going to be catastrophic,’ UN warned it faces worst crises in its history